Filing: Nvidia says it plans to rent $26B worth of servers over the next six years, which is double the cloud spending commitments it disclosed three months ago
Anissa Gardizy / The Information :
GSR fund documents: TikTok rival Xiaohongshu, known as RedNote in the US, saw its valuation rise 19% from $26B in March to $31B during recent GSR transactions
Xiaohongshu's valuation surged 19% to $31 billion in just three months during recent transactions via a major fund …
Sources: Meta picks Pimco and Blue Owl to lead a $29B financing for its Louisiana data center expansion, providing $26B in debt and $3B in equity, respectively
Bloomberg :
Source: Microsoft plans to lay off ~9,000 employees, or less than 4% of its workforce, across teams and role types, after cutting ~6,000 in May and 300+ in June
read Phil Spencer's note to staff Bloomberg : Microsoft Cuts 9,000 Workers in Second Wave of Major Layoffs IGN : Microsoft Makes Significant Layoffs Across Gaming Division, Xbox Boss Phil Spencer Conf...
Sources: Meta is looking to raise $3B in equity and $26B in debt, from private capital firms, including Apollo Global and KKR, to fund its data center build out
www.ft.com/content/aff1... @ivanthek : WTF? — This is not exactly a vote of confidence in their own strategy. — www.ft.com/content/aff1... [image] X: Luke Kawa / @ljkawa : Private credit and AI, ...
Document: Xiaohongshu, a TikTok alternative known in the US as Rednote, has surged to a $26B valuation based on recent market transactions via a GSR fund
Echo Wong / Bloomberg :
PitchBook: in 2023, US VCs returned $26B worth of shares back to investors, the lowest amount since 2011, and invested $60B more than they collected, a record
Berber Jin / Wall Street Journal :
Sources: Canva generated $2B+ in annualized revenue in 2023 and is nearing a $1.5B+ share sale at a ~$26B valuation, roughly the same as in its previous round
Bloomberg :
Sources: Canva generated $2B+ in annualized revenue in 2023 and is nearing a $1.5B+ share sale at a ~$26B valuation, roughly the same as in its previous round
- Sale of existing shares would maintain $26 billion valuation — Australian firm saw over $2 billion annualized revenue in 2023
Sources: Canva nears a deal to let longtime staff and investors sell $1B+ in stock to new investors at a $26B valuation, about the same as in a 2023 share sale
Design software startup Canva is nearing a deal that lets longtime employees and investors at the company sell more than $1 billion …